NU Online News Service, Jan. 24, 2:36 p.m. EST
Federal securities fraud class action filings related to mergers and acquisitions transactions were up in 2010, while filings related to the credit crisis were down, according to an annual report by Stanford Law School and Cornerstone Research.
Overall, the report, “Securities Class Action Filings: 2010 Year in Review,” said filings picked up in the second half of 2010 relative to the first half but remained down for the year compared to the annual average between 1997 and 2009. Total 2010 filings numbered 176, while the annual average is 195. The 2010 filings are up from total 2009 filings of 168.
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